Avid Bioservices Inc (CDMO)

[sulaco]

New Board paying themselves $55,000 +15,000 per committee


The proxy spells out all the shameless GREED from the old BOD. $360,000, $330,000 and $300, 000 for Carlton, Swarz, and Pohl. For doing what?

DILUTING US INTO OBLIVION.

The proxy describes a NEW peer review process, sampling the BOD compensation of a dozen other similar biotechs, with similar market caps. They came up with BOD compensation of $55,000!

The obvious question is, "Why the heck didn't they do this peer review for compensation BEFORE?

Simple answer: WE GOT RAKED OVER THE COALS BY THESE FIENDS until Ronin kicked them out on their behinds!

And yet Ronin was vilified right here and the OLD BOD vigorously defended here for MONTHS.

Tough to believe. Boy, the old BOD got the gold mine. And we got the SHAFT.


GLTAL (finally! with confidence)

Joe Six Pack